A Queensland real estate identity has purchased a $2.6 million site in Bilambil Heights, with plans to develop a new boutique community offering residents a tranquil environment just minutes from the beach and Gold Coast Airport.
The site, located in McAllisters Road, was sold by Sophie Carter of Sophie Carter Exclusive Properties and Projects, to developer Christie Leet, who heads Sherpa Investments.
Mr Leet said construction of the new community would start by the end of the year, with 35 residential lots and nine acreage lots to be released to the market in the coming months.
The project is the first in northern New South Wales for Mr Leet, who has been owner and principal of PRDnationwide Whitsunday for the past 21 years and is behind a number of developments in the Airlie Beach region.
He said he was attracted to the site by its prime location, which matched stunning views with access to a host of infrastructure and amenities.
“The property is truly spectacular, boasting an elevated northerly aspect with picturesque views across Tweed and Coolangatta, which will give residents a real sense of peace and quiet,” Mr Leet said.
“Bilambil Heights is so unique, offering a ‘green’ lifestyle and stunning views, all just a ten minute drive from some of the Gold Coast’s most famous beaches, and 15 minutes from the international airport.
“Predictions of substantial population growth following the upgrades to the Pacific Highway, and billions of dollars in infrastructure works being spent in New South Wales, mean this area is only going to become more attractive to new residents in coming years.”
Mr Leet said the 35 residential lots will average 840sqm, with larger acreage lots of up to 5ha also planned for the site.
“In addition to interstate investors, we expect there will be strong interest from locals looking to upgrade and build a new home to accommodate their growing family, as well as downsizers wanting to make the move from an older-style property in the area to a brand new home, with a superb view.
“We’ve gone to great lengths to ensure we a have local team in place to steer the development and ensure it complements the surrounding areas. We have appointed a local community liaison officer and have thoroughly enjoyed working in partnership with the Tweed Shire Council to bring this project to life.”
Appointed local contractors include Boyds Bay Environmental Landscape Architects, CD Excavations and BP Surveys.
Source: Sherpa Investments